$600,000
 $3,221 est/mo Sourced by Back At You

416 N 31st St,PHILADELPHIA, PA 19104

PHILADELPHIA, PA 19104

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Description

Income-producing student rental opportunity in the heart of Powelton Village near Drexel University. 416 N 31st Street is a 6-bedroom, 2-bath property fully leased through August 31, 2026 at $4,600 per month, offering stable rental income in a highly desirable university neighborhood. The home offers a practical layout designed for student housing with large bedrooms, shared living areas, a full kitchen, and two full bathrooms. Its close proximity to Drexel University, the University of Pennsylvania, public transportation, and neighborhood amenities ensures strong and consistent rental demand. The property has experienced 100% occupancy with no meaningful vacancy history, making it a reliable investment opportunity. With low operating expenses, low property taxes, and low insurance costs, this property offers investors strong cash-flow potential in one of Philadelphia's most established student rental markets.Current Lease: $4,600/month through 8/31/2026. Annual Gross Rent: $55,200. Offered at $600,000

Details

MLS #PAPH2595382
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive-bright
Year1920
Days On Site214
Listing Provided ByBHHS Fox & Roach-Center City Walnut | Frank L DeFazio

Features

Bed(s)6
Bath(s) 2 Total
SQ Feet1,350
BasementY
Story(s)3
ZoningRM1
Acreage0.04

Interior

CoolingOther
Heating Yes / NoYes
HeatingOther

Exterior

Construction MaterialsMasonry
Foundation DetailsOther

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount6916

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NamePOWELTON VILLAGE
School DistrictPHILADELPHIA CITY
Listing VS Median (in POWELTON VILLAGE)
Price:
$600,000
low | high
Med:
$299,999
100% of Average
sqft:
1,350
low | high
Med:
1,998
2% of Average
$ / sqft:
$444
low | high
Med:
$150
100% of Average
On site:
214
low | high
Med:
118
100% of Average
Sourced by Back At You

Market Activity 19104

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Learn More About This Property

Tim Murphy

Tim Murphy

Class Harlan Real Estate

 (267) 769-9682timmurphycares@gmail.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Community NamePOWELTON VILLAGE
School DistrictPHILADELPHIA CITY
Listing VS Median (in POWELTON VILLAGE)
Price:
$600,000
low | high
Med:
$299,999
100% of Average
sqft:
1,350
low | high
Med:
1,998
2% of Average
$ / sqft:
$444
low | high
Med:
$150
100% of Average
On site:
214
low | high
Med:
118
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $450K - $750K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
3200 SUMMER ST #7 Property Photo 1
$658,000
3200 Summer St #7
Philadelphia, PA 19104
Listing Updated: October 15, 2026 at 4:15:46 PM PDT